Fun

News Feed - 2023-07-21 10:07:06

Helen Partz10 hours agoBinance CEO warns of phishing scams as Uniswap founder gets hackedThe number of social engineering attacks in the cryptocurrency industry has been rising, with major execs getting hacked recently.15229 Total views45 Total sharesListen to article 0:00NewsJoin us on social networksBinance CEO Changpeng “CZ” Zhao is the latest figure in the cryptocurrency industry to warn against the increasing number of phishing attacks.


CZ took to Twitter on July 21 to warn his readers about phishing and other social engineering scams. He also recommended cryptocurrency exchange users rely on hardware devices for two-factor authentication instead of using mobile carrier-based 2FA, for example.


“Best to enable 2FA with a hardware device (Yubikey) on all crypto exchanges,” the Binance CEO wrote.


Zhao’s warning came shortly after Uniswap founder Hayden Adams had his Twitter account compromised on July 20. After taking over Adams’ account, the attacker attempted to scam his followers through a malicious link posted on his page. Members of Crypto Twitter quickly identified and warned others against the scam.


Adams subsequently restored access to his account in a matter of hours. He also promised to follow up with updates when ready.


The number of social engineering attacks in the cryptocurrency industry has been rising.


In early July, LayerZero CEO Bryan Pellegrino became a victim of a SIM swap attack, which allowed hackers to briefly take over his Twitter. The executive suggested that the attackers used his speaker badge at the Collision conference, which he happened to put in the trash.


Blockchain security experts say the trend of social engineering hacks like SIM swap attacks could continue gaining stream in the near future.


Related:$794K SIM swap hacker PlugwalkJoe sentenced to 5 years in prison


According to SlowMist chief information security officer “23pds,” SIM swapping also doesn’t require high-level technical skills. After Uniswap’s Adams reported he was back on Twitter, 23pds also referred to Cointelegraph’s recent coverage of SIM swap hacks.


“I was just doing an interview last week about the current state of sim swap hijacking, and I didn’t realize there were several attacks so soon,” he wrote. In the article, 23pds and other cybersecurity experts offered some methods to prevent social engineering hacks like phishing as well.oh .. @haydenzadams @Uniswap

I was just doing an interview last week about the current state of sim swap hijacking, and I didn"t realise there were several attacks so soon.https://t.co/HSjMqdOora— 23pds (@IM_23pds) July 21, 2023


One core protection measure recommended to take against a SIM swap hack is restricting the usage of SIM card-based methods for 2FA verification. Instead, using apps like Google Authenticator or Authy is more secure.


Magazine:AI Eye: AI’s trained on AI content go MAD, is Threads a loss leader for AI data?# Blockchain# Business# SIM Card# Hackers# Binance# HacksAdd reactionAdd reactionRelated NewsWho invented NFTs?: A brief history of nonfungible tokens5 emerging digital finance trends to watchDarknet bad actors work together to steal your crypto, here’s how — Binance CSOMultichain attack triggers Twitter phishing scheme for FTM distributionCrypto scams are down 77% — but this exploit is making a huge comebackMultichain stops operations over lack of funds

News Feed

Brayden Lindrea3 hours ago5 lowlights of Gary Gensler’s evasive testimony before CongressThe U.S. SEC chief was asked whether the purchase of Pokemon trading cards is a security transaction and whether Bitcoin is a com
Chainlink Price Continues To Struggle Below $15 — Levels To Watch
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Nigeria urged to adopt crypto regulations inspired by Europe
Amaka Nwaokocha11 hours agoNigeria urged to adopt crypto regulations inspired by EuropeNigerian data and policy analyst Obinna Uzoije noted that a unified regulatory framework for all ECOWAS member states would offer pot
XRP Crashing? Analyst Sounds Alarm On Looming Price Threat
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend 
Bitcoin, Ethereum Technical Analysis: ETH Remains Above $2,100 to Start the Weekend  Ethereum remained above $2,100 to start the weekend, despite crypto markets moving into consol
Fireblocks Custody Company Raises $310 Million, Reaches $2 Billion Valuation
Fireblocks Custody Company Raises $310 Million, Reaches $2 Billion Valuation Fireblocks, a blockchain infrastructure firm, raised $310 million in its most recent
South Korea crypto body says mass token delistings ‘unlikely’ amid new laws
Jesse Coghlan3 hours agoSouth Korea crypto body says mass token delistings ‘unlikely’ amid new lawsSouth Korea’s incoming crypto investor protection laws will see local exchanges review over 1,300 listed tokens ove
$SAI’s Skyrocket on Friday Shows Enormous Potential in Bitcoin Heating
$SAI"s Skyrocket on Friday Shows Enormous Potential in Bitcoin Heating press release PRESS RELEASE.SAITECHLimited (SAI for short), a clean energy and computing operator based in Sin
Bitcoin Gold Whale Allegedly Controls Half the BTG Supply
Bitcoin Gold Whale Allegedly Controls Half the BTG Supply According to a recent study, bitcoin gold (BTG) market prices are being manipulated by a single whale who holds a signif
Helen Partz12 minutes agoCrypto payment firm Alchemy Pay wins money transmitter license in USAlchemy Pay has joined the ranks of crypto firms like Coinbase and Jack Dorsey’s Block in securing the Money Transmitter Lice
MicroStrategy stock set to gain 30% if BTC hits $150K in 2025 — Analyst
Alex O’Donnell2 hours agoMicroStrategy stock set to gain 30% if BTC hits $150K in 2025 — AnalystThe valuation assumes continued aggressive Bitcoin buying by MicroStrategy.1057 Total views6 Total sharesListen to artic
XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level – Details
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu